Public or private: Which is the best choice for your startup?
As early as next year, the Munich-based mobility startup Flixbus could go public, according to news agency Reuters. The management, however, says that you have no concrete plans.
The tech startup Flixbus is starting to prepare for an IPO, according to Reuters information. The parent company Flixmobility has therefore already engaged the investment bank PJT as a consultant for the IPO. Depending on the situation on the stock markets, the jump to the trading floor could take place in 2019.
But no concrete plans for going public?
The Flixmobility management declares to the news agency that they are constantly checking all financing options. Although there are no concrete plans for an IPO, but always observe the financial markets, if an IPO in the future should be relevant.
Currently, 35.9 percent of Flixbus shares are owned by financial investor General Atlantic. The founders hold 23.8 percent. Holtzbrinck Ventures owns 16.3 percent. 10.8 percent are held by the financial investor Silver Lake, 5.6 percent at Daimler.
Past history and present
The Munich-based startup, founded in 2013, has made a steep career as the European market leader: in 2015, the company merged with Berlin-based competitor MeinFernbus. Subsequently, Flixbus took over the European business of Megabus, the provider Postbus and the bus network of the Austrian ÖBB. Since this year, the green buses also drive through parts of the USA. Under the Flixtrain brand, green trains are also on German rails.
Originally published at TheStartupFounder.com.